Brixmor (BRX) officer details RSU vesting and tax share surrender
Rhea-AI Filing Summary
Brixmor Property Group Inc. reported insider equity activity by its Senior Vice President and Chief Accounting Officer on a Form 4. On January 1, 2026, multiple grants of restricted stock units (RSUs) vested and were converted into shares of common stock on a one-for-one basis.
In connection with these RSU vestings, the insider surrendered portions of the resulting common shares back to the company to cover tax withholding obligations, with the withheld shares valued at $26.22 per share. The remaining shares from each vesting event were retained as directly owned common stock.
The vesting events included both RSUs earned based on performance criteria and subject to additional service requirements, as well as service-based RSUs that vested on January 1, 2026. Following the reported transactions, the insider continued to hold common stock and no derivative RSUs remained outstanding for some of the grants.
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FAQ
What insider transaction did Brixmor Property Group Inc. (BRX) report?
The company reported that a Senior Vice President and Chief Accounting Officer had multiple restricted stock unit (RSU) awards vest on January 1, 2026, converting into shares of common stock, with some shares surrendered for tax withholding.
Who is the reporting person in this Brixmor (BRX) Form 4 filing?
The reporting person is an officer of Brixmor Property Group Inc., serving as Senior Vice President, Chief Accounting Officer, as noted in the remarks section.
How did the RSUs reported for Brixmor (BRX) convert into common stock?
The filing states that the restricted stock units ("RSUs") convert into common stock on a one-for-one basis, meaning each vested RSU became one share of Brixmor common stock.
Why were some Brixmor (BRX) shares surrendered in this Form 4?
The form explains that certain shares of common stock were surrendered to the issuer to satisfy tax withholding obligations arising from the vesting of RSUs, with those surrendered shares valued at $26.22 per share.
What types of RSUs vested for the Brixmor (BRX) officer on January 1, 2026?
The filing notes that some RSUs were earned based upon performance criteria and subject to additional service vesting, and other RSUs were service-vesting units, with both types vesting on January 1, 2026.
Did the Brixmor (BRX) officer retain ownership of common stock after these transactions?
Yes. After RSUs vested and some shares were surrendered for taxes, the Form 4 shows the officer with directly owned common stock balances in the "Amount of Securities Beneficially Owned Following Reported Transaction(s)" column.